With huge cash flow in hand, Buffett responds to why he significantly reduced his holdings in Apple
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2024-05-06 18:02:47
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Recently, Buffett's Berkshire Hathaway released its first quarter 2024 financial report before the opening of the Q&A session at the shareholders' day meeting.
According to the financial report, Berkshire Hathaway's cash reserves reached a record $189 billion in the first quarter, compared with $167.6 billion at the end of last year. Among them, the value of Apple's holdings fell from US$174.3 billion to US$135.4 billion. Buffett said this was for tax reasons because of the substantial gains from the investment, not because of his long-term judgment on the stock.
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